Property for sale in Husbands - 26397226 - Advertised on propertyO by Sandcastle Caribbean Real Estate

Flat for sale


Saint James, Husbands, Barbados Property ID: 26397226

Property description

It is fair to say that one could improve the rental capacity tremendously by updating the units somewhat but all the units are currently rented generating a total of 2700usd pcm of rental income for long term tenants where the current owner only pays the water bill, thus the ROI as it stands is over 8% which is a decent return.
The location is ideal with sea views and being close to Warrens for shopping, close to beaches of the beautiful West Coast of Barbados and even only twenty five minutes to Grantley Adams International Airport.
The University of the West Indies is a five minute drive so if long term rentals were preferred the location would appeal to professors as well as students to name but some.
There is land adjacent available for 100,000usd that has planning for a further four, two bed one bath apartments or if one wished to drastically improve the existing apartments then a pool and gardens could be part of the development.
One could reach the golden figure of ten units over the two plots and then one would gain hotel concessions for both building and later management.


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